FPC cancels extra general meeting, remuneration program

November 29, 2016 - 

Fingerprint Cards (FPC) has cancelled its extra general meeting that was slated for November 30 in Stockholm, Sweden.

After ongoing discussions with FPC’s owners, the board decided to draw back the suggested remuneration program.

The board continues to “conduct a clear and transparent corporate governance,” as well as “to increase the institutional ownership in the company and to have a good dialogue with stakeholders on the stock market and the company’s owners.”

FPC’s board said it will create a proposal regarding a new remuneration program for management and CEO to coincide with the annual general meeting in Gothenburg on April 20, 2017.

The board intends to cancel the outstanding shares included as a suggestion on the agenda at the annual general meeting.

In a press release, Fingerprint Cards apologized for “any inconvenience the cancellation of the extraordinary general meeting meant for shareholders.”

Previously reported, the newly-launched OPPO A57 features Fingerprint Cards’ fingerprint sensor FPC1245.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.